MoneyWorks4Me

RBI imposes monetary penalty on IDBI Bank

12 Apr 2018 Evaluate

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 3 crore on IDBI Bank, in exercise of powers vested in it under the provisions of the Banking Regulation Act, 1949, for non-compliance with the directions issued by on Income Recognition and Asset Classification (IRAC) norms.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.

IDBI Bank Share Price

82.15 -0.25 (-0.30%)
17-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 730.00
ICICI Bank 1417.90
Axis Bank 1230.00
Kotak Mahindra Bank 391.65
Indusind Bank 1010.00
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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